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t’s not hard to see that business is booming in Trinidad and Tobago. There is new construction work going
on across the country, the supermarkets are well stocked, the fashion, music, manufacturing and service
industries are busy.What the eye sees is borne out by the economic facts. The Trinidad and Tobago economy is the most industrialised and diversified in the English-speaking Caribbean. There are extensive reserves of oil and natural gas, and a large energy-based heavy industrial sector has developed, producing iron and steel, methanol, iron carbide and nitrogenous fertilisers; liquefied natural gas and aluminium will be joining the list soon. The last few years have seen a radical process of deregulation and divestment, and liberal investment policies have encouraged a steady flow of new investment. GDP is rising consistently, with growth in both the petroleum and non-petroleum sectors. There has been substantial expansion in exports. Inflation is low and unemployment is falling. Trinidad and Tobago has a long tradition of democratic stability, a strong resource base, a skilled work force and a strategic location at the hub of the Americas. That adds up to a healthy and profitable place to do business. |
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